Glaukos Corp (GKOS)
Return on equity (ROE)
Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net income (ttm) | US$ in thousands | -134,661 | -129,342 | -126,474 | -139,198 | -99,195 | -89,607 | -55,801 | -27,747 | -49,593 | -38,369 | -60,347 | -82,759 | -120,348 | -73,119 | -70,877 | -37,292 | 15,424 | -19,378 | -12,493 | -11,582 |
Total stockholders’ equity | US$ in thousands | 461,766 | 477,659 | 488,811 | 508,514 | 530,005 | 548,554 | 562,477 | 597,564 | 587,151 | 601,049 | 584,325 | 589,774 | 667,449 | 661,563 | 662,424 | 641,299 | 673,272 | 190,116 | 187,805 | 185,489 |
ROE | -29.16% | -27.08% | -25.87% | -27.37% | -18.72% | -16.34% | -9.92% | -4.64% | -8.45% | -6.38% | -10.33% | -14.03% | -18.03% | -11.05% | -10.70% | -5.82% | 2.29% | -10.19% | -6.65% | -6.24% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-134,661K ÷ $461,766K
= -29.16%
Glaukos Corporation's return on equity (ROE) has shown a declining trend over the past eight quarters, ranging from -29.16% in Q4 2023 to -4.64% in Q1 2022. This indicates that the company is not effectively utilizing its equity to generate profits for shareholders. The negative ROE values suggest that the company's net income is insufficient to cover the equity invested by shareholders.
The significant decrease in ROE from -4.64% in Q1 2022 to -25.87% in Q2 2023 reflects a deterioration in the company's profitability and efficiency in utilizing its equity. The downward trend in ROE over the quarters may be a cause for concern as it indicates a lack of profitability and efficiency in generating returns for shareholders relative to the equity invested in the company.
It is important for Glaukos Corporation to assess and address the factors contributing to the declining ROE in order to improve its financial performance and enhance shareholder value in the future. This may involve strategies to increase profitability, improve operational efficiency, or optimize the capital structure to enhance ROE.
Peer comparison
Dec 31, 2023